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Wells Fargo Business Credit Enters Into Agreements for the Purchase of up to US$200,000,000 of Accounts Receivable From Brookfield Global Relocation Services, LLC

Published: 05/06/2010

By Alex Tarantino, Bogdan Teofilovici

Wells Fargo Bank, National Association, acting through its Wells Fargo Business Credit operating division, entered into a multi-jurisdictional receivable purchase agreement with Brookfield Global Relocation Services, LLC, Brookfield Global Relocation Services Limited, Brookfield Asset Management Inc. and Brookfield RPS International Relocations Inc. dated April 23, 2010 and a First Amendment to Account Purchase Agreement with Brookfield Global Relocation Services, LLC and Brookfield Asset Management Inc. dated April 23, 2010 for the purchase of up to US$200,000,000 of accounts receivable from Brookfield Global Relocation Services, LLC. 

Cassels Brock acted for Wells Fargo with a team that included Bogdan Teofilovici (Financial Services) and Alex Tarantino (Financial Services).